Question

By selling a chair for ₹450 . Anil loses 10% of the cost price. The C.P. is

Answer 1

Step-by-step explanation:

SP of an article = ₹ 450

Loss % = 10

WKT,

SP of article = CP of article - CP of article * Loss %

Thus, CP = 450 * 100 / 90 = 500

Now, if the merchant choses to sell the article at ₹ 500, it means that he is selling at the CP.

In this case, there would be no gain or loss.